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Yorkshire Group and MMR
Hi Various sources have reported that they have started using MMR criteria from 29th March but e.g. their online calculator is still being updated. Does anyone know if their AIPs are already MMR compliant ? Just wondering if i get an AIP over the next few days will it no longer be worth the paper its written on after 26th…
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Joint Mortgage with a Default
Afternoon all, I have researched the forums to find information regarding mortgages with a default which has been very helpful. But the chances of acquiring a mortgage with a default on the credit file seems too bleak! I am at the stage in my life where me and my long term partner are looking to buy our first home. I…
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Releasing equity to extend my property
Hi All I'm looking for some on advice on my mortgage situation. I purchased a house in 2012 for £108k, which was valued at £150k by the mortgage company. My current balance is £100k. I am now looking for a larger house, but would like to extend my current property rather than move. If the value of the house is still £150k…
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Mortgage & separation/divorce
Hi Wonder if anyone can offer any advice? Husband & I have agreed to a divorce and are just at the stage of getting a separation agreement drawn up. Our plan was that he would buy me out of my share of the equity in the house, however, as we have had more than 5 months arrears on the mortgage within the last year or so,…
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HSBC mortgage
Hi, I am discussing a HSBC mortgage and everything seems all right and in place. However the underwriter asked me for my Italian bank account statement. Is this normal? From one point of view I understand they need to know everything about me, but from another point of view I am not sure if they are entitled to ask me…
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Santander - Mortgage account fee
A little disgruntled after calling Santander (my current mortgage provider) to arrange a fixed rate mortgage, was given info. on their products, chose one without a fee - and then when I got the paperwork through they'd slipped a £225 Mortgage Account Fee in there. Called to question this and to ask for a breakdown in what…
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Can the mortgage broker do this??? Any suggestions would be really appreciated
My sister has applied for a mortgage using a mortgage broker. She has a loan and a credit card which she said she agreed to pay off to give her more disposable income. The mortgage broker has called her this morning and said that the lender will not approve the mortgage unless she can provide a credit report with the 2…
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How to raise the money to follow a dream
Hi. Just wondering if anyone has any bright ideas how I could go about raising the money to follow my dream??? I have always wanted to own and run my own Boarding Kennels but without hefty deposits it looks like this will remain a dream. I do not own my own house so therefore have no security for a 100% loan/mortgage. I…
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Time to get a new mortgage broker?
Thanks for clicking. My mortgage broker has gone on holiday. I don't begrudge them that, everyone needs a break. Not great timing for me though. They helped me with an AIP, I've found a property, agreed a price. Broker is paid commission by lender, so I wouldn't be parting with any money for thier services. Broker was…
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First time buyers needing advice Partner Sub contractor...
Hi, I hope I'm posting in the right place. Our situation: My partner and I are currently renting and our tenancy expires in just over 12 weeks. We ideally would like to buy( First time buyers) and have been looking at Shared Ownership options perhaps if we can not afford a full mortgage which we would only need a £97,000 -…
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Homebuyers Survey Esurv
Hi Guys, We are having our valuation done today by Esurv and we are getting our homebuyers completed at the same time. I was just wondering what the timescales are for getting the report back? I know the valuation will go to the lender and maybe get an offer in a few days time but im not sure if the homebuyers will come…
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Joint Mortgage and personal guarantee
Hi, not sure if anyone can advise, but here goes... I separated from my husband nearly 3 years ago, we have a joint mortgage which I have been paying myself. He had a business which he started in 2007, and took out personal guarantees on the business overdraft for the sum of approx. £20,000. Around the time the marriage…
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Santander - shared ownership
Hi Has anyone applied for shared ownership mortgage with santander or with anyone ? How did it go? How long did it take Did you need to send bank statements start of application? Does it get passed quicker then full loans? Thanks
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25 year mortgage at 50 years of age?
Hi, I've read several articles on the internet regarding mortgages for those of us who have reached a certain age. They give differing opinions, some saying lenders do give a 25 year mortgage and others stating it is very hard to get one. Myself and my partner (she is 50 this year, I will be 52) are looking to sell our…
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Is my mortgage debt time barred?
I need some advice. In 2006 I made a big mistake and signed up to buy a new build apartment with my then partner and as the build dragged on we split but were told by our solicitor that we had no choice but to buy the property even though I offered for them to keep the £10k deposit I paid them. We took out a mortgage as…
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Lifetime tracker rates......
Anyone know where I can find one?? HSBC do a good one but they are too tight on lending criteria. I have my mortgage with them now but have to leave them when I move despite my LTV dropping substantially and income increasing. Santander do one but I can't find any others, help appreciated thanks
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Remortgaging a renovated house, help!!
Hi all, I'm a bit confused so need some advice if anyone can help! My boyfriend and I purchased a bungalow in July 2012 for £197,000 with a 15% deposit on a fixed 2 year mortgage. We have done a lot of work on the bungalow and by this July hope to complete the majority of the work giving us a 3 double bedroom house. If we…
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Mortgage with a Default and a few missed payments
Hi, I am trying to buy a house with my wife. I earn £125k per year, my wife doesn't work. Purchase price for £450k, deposit of £67,500 (15% Deposit). I have a settled default from 5 years ago (02, £900) a few recent missed payments (forgot to setup a DD on a 0% CreditCard), no CC debt but a £10k loan for a car. Any advice…
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Military Mortgage Broker???
Hi Guys I am in the military and was wondering if anyone knows anything about mortgages using Armed Forces Help to Buy (AFHTB) (formally LSAP) I get approximately £20000 deposit from the military and this can be used with the new Gov Help to Buy scheme( 5% deposit, 20% equity loan and 75% mortgage) My question if anyone…
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So worried about mortgage application
Evening All I was wondering if anyone would be able to help me. To outline the facts: - we've sold our house (STC) - we've found an amazing house and had an offer accepted on it - we've worked out we have between a 25% to 30% deposit for the new house (our own house is under final, sealed bids at present so final selling…
